Circular flow of income
- Created by: victoria laker
- Created on: 26-02-14 17:25
Fullscreen
Shows the connections between different sectors of our economic system.
Revolves around flow of goods and services and factors of production between firms and households
Businesses produce goods and services and incomes are generated for factors of production.
Leakages, money which is not flowed between businesses directly.
- Put aside for future spending (bank account or other deposits)
- Paid…
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